Ryanair Holdings

Pre-close — lower losses in FY21 (-€800-850m) but FY22 is close to breakeven

  • Sectors : Airlines & Other Transport
  • Companies : Ryanair Holdings

Ratings and price correct at time of issue.

  • Ryanair Holdings

    Closing Price: 1695c

  • RATING 07/12/09

  • PREVIOUS RATING 02/11/09

    NEUTRAL

DAVY VIEW

Ryanair is learning to navigate a difficult environment, with losses narrowed to -€800-850m (consensus: circa -€860m) and 27.5m traffic. A slow start to FY22 sees Ryanair guiding traffic at the lower end of 80-120m and profitability close to breakeven (consensus: circa +€280m) but cash remains strong — €3.15bn, with 84% of fleet unencumbered.

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Apr 7 2021, 08:05 IST/BST

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